| Notice
of Formations & Mergers of, & Acquisitions by, BHCs; Change in Bank Control
Week ending 11/20/1999
None.
| Type |
Application |
Ending date of comment period |
| 3(a)(5) |
Greater Bay Bancorp, Palo Alto, California, to merge with Mt. Diablo
Bancshares and thereby acquire its subsidiary, Mt. Diablo National
Bank, both of Danville, California. * |
Newspaper -
12/18/1999
Fed Reg -
12/17/1999 |
| 3(a)(1) |
Utah Bancshares, Inc., to become a bank holding company by acquiring
Bank of Ephraim, both of Ephraim, Utah. * |
Newspaper -
12/20/1999
Fed Reg -
12/20/1999 |
None.
| Type |
Application |
Ending date of comment period |
| Member |
Sacramento Commercial Bank, Sacramento, California,
to become a member of the Federal Reserve System. |
|
| COM |
Bank of Idaho, Idaho Falls, Idaho, requests relief of a commitment
made not to purchase additional stock in connection with the BHC formation
without prior permission from the Federal Reserve System. |
|
The Community Reinvestment Act is intended to encourage depository institutions
to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the
Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB
(12 CFR 228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping
meet the credit needs of its entire community be evaluated periodically.
That record is taken into account in considering an institution's application
for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from
the institution or Reserve Bank.
The federal bank regulators use the following four performance levels
to rate an institution's performance under CRA:
| O |
= |
Outstanding |
| S |
= |
Satisfactory |
| NI |
= |
Needs to improve |
| SN |
= |
Substantial noncompliance |
The following state member banks have been examined and their CRA public
evaluations are now available:
RSSD
number |
Institution/Location |
Examination
date |
CRA
public date |
CRA
rating |
Exam type
Lrg Bk Sm Bk |
| 54861 |
Security First Bank
141 West Bastanchury Road
Fullerton, CA 92835
(714) 870-2100 |
07/09/1999 |
11/18/1999 |
S |
X |
The above listing has been prepared as a courtesy by the Federal Reserve
Bank of San Francisco, and is not intended to replace formal notices required
by statute or regulation; the Reserve Bank assumes no responsibility for
errors or omissions.
*Subject to CRA.
|
